eCommerce business refers to any form of business transaction conducted online. The most popular example of eCommerce is online shopping, which is defined as buying and selling of goods via the internet on any device. However, eCommerce can also entail other types of activities, such as online auctions, payment gateways, online ticketing, and internet banking.
Mobile commerce, or mCommerce, is a rapidly
growing new avenue of an eCommerce business that’s mostly driven by the
expanding market and influence of smartphones and millennials’
comfort with shopping online.
Different eCommerce Business:
·
Business-to-Consumer (B2C).
·
Business-to-Business (B2B).
·
Consumer-to-Consumer (C2C).
·
Consumer-to-Business (C2B).
·
Business-to-Administration (B2A).
·
Consumer-to-Administration (C2A).
Examples of an ECommerce business:
·
Amazon
·
Flipkart
·
eBay
·
Fiverr
·
Upwork
·
Olx
·
Quikr
eCommerce businesses function:
Receiving orders: This is the first step where customers
place the order through the eCommerce platform (website or an online portal),
and the seller makes a note of it.
Processing order information: The second step where all the details of
the order being processed and completed. It is now ready for delivery.
Shipping: The last step wherein the delivery process is carried out.
All the logistics components play a significant role in this step to ensure
timely delivery to the customer.
If you get the basics right and conduct
your eCommerce business in the right way, you will surely
enjoy good profits. Always remember that proper business planning and
implementation are the keys to a successful online store.
How to Start an eCommerce Business:
One of the basic things that you need to do
while starting an internet or eCommerce business is to create
a site. It can be an excellent platform for promoting your goods and services
and make them popular with the target audience. To attract customers
and buyers through search engines (like Google) your website should
be adequately SEO (Search Engine Optimization) optimized.
Ideally, your website should have a list of
the products or the services that you wish to promote. The sections should
be interactive and user-friendly for the
convenience of the website visitors. All the essential and useful details about
the business should be adequately mentioned on your online portal. Have a clean
and straightforward checkout section, so people don’t drop out at the last
moment.
Advantages of an eCommerce business:
The main advantage of an eCommerce business is that it allows you to conduct your business flexible and at the same time is very useful in reaching a full range of target audience within seconds. Nowadays, internet home business has also become a prevalent means of earning money in the form of eCommerce. You need to have a computer and internet connection, and you can easily carry on with the marketing and business with just a click of the mouse.